Share Market Crash / Nifty fell below 22,300 amid a terrible fall - ₹5,80,000 crores wasted within 1 hour

Share Market Crash: US President Donald Trump's tariff policy and concerns over the global economy caused turmoil in the Indian stock market on Friday. Selling pressure was seen in the market in early trade, due to which both Sensex and Nifty registered a big decline. Sensex fell by 900 points, while Nifty fell below 22,300.

Loss of Rs 5.8 lakh crore in stock market

Investors suffered a big loss in the Indian stock market on Friday. At 9:39 am, the BSE Sensex fell 929 points (1.25 percent) to 73,683, while Nifty fell 273 points (1.21 percent) to 22,271. Due to this decline, investors lost about Rs 5.8 lakh crore. The total market cap of companies listed on BSE came down to Rs 387.3 lakh crore.

Heavy decline in IT, auto, banking sector

The biggest impact of today's decline was seen in the IT sector, where the Nifty IT index fell by up to 4%. Shares of Persistent Systems and Tech Mahindra fell the most. Apart from this, the Nifty Auto Index also fell by more than 2%, while banking, metal, pharma, consumer durables and oil and gas sectors declined by 1-2%.

Strength of dollar became a major reason for the decline in the market

Donald Trump's tariff policy increased trade war concerns, which further strengthened the US dollar against other major currencies. The US dollar index rose to 107.35 on Friday.

Strength of the dollar is a matter of concern for emerging markets like India, as it makes foreign investment expensive and may increase capital outflow from the Indian equity market. Investors are worried that if this trend continues, the Indian market may fall further.

What will happen next?

Financial experts believe that the movement of the Indian stock market will now depend on global developments. Investors will have to keep an eye on US policies as well as indicators of the domestic economy.

Apart from this, the monetary policy of the Reserve Bank of India (RBI), the trend of foreign investors and the movements in the global markets will also determine the direction of the market. Investors are advised to be cautious and make any kind of investment in the market wisely.